Calgary Real Estate Market Report - December 2025

January 2026 is officially underway, and it feels good to be back into the rhythm after the holidays. I hope your New Year started off on a positive note, surrounded by family and friends. The market has wasted no time either. January has been busy so far, which is always a welcome way to kick off the year.
As we closed out last year, the market continued shifting into a more balanced space, leaning slightly toward buyers. Benchmark prices dipped about 2 percent overall. With slower immigration and more new housing starts, inventory increased, giving buyers more options heading into 2026.
Looking ahead, spring will give us a clearer picture of how active the market will be this year. There is already momentum building, including a new listing coming soon in Brentwood, a fantastic location with long-term appeal. If a move is on your radar this year, it is a great time to
start planning.
Following several years of strong price growth, 2025 marked a year of transition thanks to strong demand and limited supply. Due to record high starts, supply levels improved across all aspects of the housing market, just as demand pressure eased due to a reduction in migration levels and heightened uncertainty that persisted throughout the spring market. This helped shift the resale market from one that favoured the seller to one that was more balanced.
In 2025, sales reached 22,751 units, down 16 per cent over last year, but in-line with long-term trends. Much of the shift came from the growth in supply. 2025 saw over 40,000 new listings come onto the market, nine per cent higher than last year, causing inventories to rise and driving more balanced conditions.










